Im scared we won't have enough money?

I am getting married next year. We are young and my fiance just got out of school. He went to a college that he owed $50,000 that he dropped out from but with intrest at the end it says he will have paid $100,000. That boggles my mind! I did not go to college i have no debt. I am so scared because we wanted to buy a home and I don't even know how we will pay our bills once he starts paying off his studnt loans in DEC. HE makes $350 take home a week and his loans are $500 a month!!! And he needs a new car in about 6 months so that will be another loan of $200. It scares me just to think about this. He tells me im crazy because everyone has student loans he says. But will we be ok when he owes this much in student loan?!! I only make enough money for myself I can't help him out! Now I feel like we will never be able to buy a home and we are always going to be in debt. THIS SUCKS. And when we get married his loans do not become mine if he doesnt pay right??!!Im scared we won't have enough money?
Pay the biggest bill first - little by little- make it a system where you have to pay a certain amount each month. then when that bill is paid, go to the next one and so on. This is called the snowball effect. Just take the same amount you were paying on the previous bill and put it towards the next largest.Im scared we won't have enough money?
Yes, when you get married his debt is your debt. You either share the debt or you are the secondary person.



I say move to an apartment close to his job, and that way he will not have to purchase a car.



You will eventually have enough for a house, but you have to spend wisely and save up. It may take a few years.
Hon.....all his debts become YOURS if he doesn't pay them.

DO NOT marry him unless he pays them off; or he signs a pre-nup saying YOU are not responsible for HIS school debt.



Honestly? Dump him NOW, before you get screwed. This guy is a user/loser.
His loans are his loans. That being said, if he ever defaults on them, they can take your joint income tax return refunds.



No - not all people graduate with $50,000 dollars of debt and no degree to show for it. This shows lack of maturity and responsibility.



And him trying to convince you of it begin normal is just plain silly - and his lack of concern regarding the debt would worry me as well. When you get married, financial concerns are a big part of the marriage... how comfortable one spouse is with debt, credit cards, etc is very important. My advise is to talk with fiancee A LOT about this before you get married, so you know exactly what you are getting into.



Likely if he has this attitude now, he isn't going to change any time soon, so you are going to have to figure out if you can deal with it... and the lifestyle (or lack of it) he has PRE-DETERMINED for you. In the end, if you aren't comfortable with it (not being able to afford a house or whatever). Then don't get married. Enroll yourself in college and create your own future!

Good Luck.
his debt becomes your debt, and visa versa. why are you getting married so young? why haven't you gone to college? what are you going to do with your life if things don't work out?

why does he need a NEW car (for only $200?) it sounds like this is the wrong time for you two to be getting married. he needs to get a second job, and you need to get some college classes. financial stress rips apart a marriage, and yours hasn't even started yet. remember, if he skips out on the loans, your credit goes bad, too.



my advice? don't get married to a man with such a flippant attitude towards his loans and debt. you need to sit down and have a LONG discussion. starting out with a marriage with $100,000 plus of debt is NOT good.



my husband and i have only about $2000 in debt, and we are still stressed. and he works 2 jobs!



your fiance dropped out for what reason? laziness? lack of money? how long did he have until graduation?



i suggest you rent an apartment IF you marry this guy. buying a home right now will KILL this relationship.



good luck, hon. you sound smarter than he does.
pay attention to found-1 advice. if i were you I would not get legally married. that way you can avoid all of this. he has horrible money attitude and financial skills. I hope you also know that there is no such thing as bankruptcy for student loans, you two will have to pay it back one way or another and he didnt even get an education or career out of it!! you are very young and I know we wont be able to change your mind, but you will regret this for financial reasons some day